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The Latest Breaking News from IRS

New Tax Rules: Income the IRS Won’t Touch in 2025

From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some information on what’s changed.

Kiplinger

Could An Innocent Gift Land You in Financial Trouble?

Imagine this: you’re celebrating a birthday, anniversary, or holiday, and you pick out a thoughtful gift. The wrapping paper glistens, the bow sits perfectly, and your friend or partner lights up with joy as they tear it open. Everyone’s happy—until weeks later, you get slapped with a surprise credit card…

Everybody Loves Your Money

3 Popular Tax Breaks Are Gone for Good in 2026

Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. High-income earners could also get hit by a "surprise" tax bill.

Kiplinger

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Worship leader Sean Feucht mismanaged millions in ministry funds, former associates say

Worship leader Sean Feucht's meteoric rise to prominence began in 2020 during the pandemic

The Independent UK

5 Bad Money Habits That Quickly Leave People Broke

These bad money habits, from tax mistakes to lifestyle creep, could drain your finances fast. Here’s what financial advisors want you to know.

GOBankingRates

Five Ways to Cash In On the $6,000 'Senior Bonus' Deduction

Taxpayers age 65 and older might be able to benefit from a $6,000 'senior bonus' deduction in the next four tax years. Here are five ways to make it pay.

Kiplinger

Elon Musk's Tesla Urges Buyers To Lock In Orders Before September 30 $7,500 EV Credit Cutoff

Tesla Inc. (NASDAQ: TSLA) has urged customers to lock in purchases ahead of the September 30 deadline for the Federal EV credit to avail the incentive, as Q3 deliveries look poised to exceed analyst estimates.

Benzinga

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11 Things Retirees Can Do for Their Finances Before the End of the Year

Now’s the time to meet with a tax professional.

GOBankingRates

5 States Where Seniors Will See the Most Benefits from the Big, Beautiful Bill

See which five states offer seniors the biggest benefits from the Big, Beautiful Bill—and how these changes could improve retirement and healthcare access.

GOBankingRates

‘I Am Clueless’: Woman Orders 2026 Tesla Model Y. Then A Strange Button Appears In The App

The $7,500 federal EV tax credit ends Sept. 30.

InsideEVs

6 Unseen Financial Consequences of Ignoring Taxes

You know that uneasy feeling when you hear the word “taxes” and suddenly remember the unopened envelopes on your kitchen counter? Ignoring taxes might feel like hitting the snooze button on a problem you don’t want to face, but eventually, that alarm will get louder—and more expensive. Sure, filing taxes…

Everybody Loves Your Money

Short Circuit: An Inexhaustive Weekly Compendium of Rulings from the Federal Courts of Appeal

Doping horses, DEI trainings, and working on a Saturday

Reason

Ask the Editor, September 26: Tax Questions on the New Tips Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the new tax deduction for tipped income.

Kiplinger

Gen Z is reviving jobs millennials think are ‘boring’ and they’re earning a fortune in the process

Gen Z is turning to accounting as millions of baby boomers are set to retire from the profession

The Independent UK

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Fortune

Peter Thiel's $5 billon tax-free account spurred a new 401(k) rule that now impacts high-earning Americans over 50

High earners 50 and older will soon have to make 401(k) catch-up contributions as Roth. It all started with a ProPublica article about Peter Thiel in 2021.

Bored Panda

56 Americans Share The Loopholes They Found So Others Could Use Them Too

What everyday loopholes have you discovered that make life a little easier?

Fortune

Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college

About 75% of accountants are expected to retire in the next decade, and some Gen Zers are realizing that the field is not so boring after all—especially considering it can bring job security and six-figure salaries.

Kiplinger

The October 15 Tax Deadline Is Coming: A Tax Attorney Highlights What You Need to Know

If you filed an extension in April, time is running out to get your taxes wrapped up for last year. Here's what you need to know for filing your 2024 taxes and preparing for tax year 2025.

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We Got This Covered

‘Wonder how it feels’: Elon’s DOGE orders hundreds of fired federal employees back to work

So they fired without worrying about the consequences?

The Independent UK

Major 401(k) change starts next year. Here’s what it means for you

High earners hoping to put more money into their retirement savings will now have to pay taxes first

GOBankingRates

3 Ways To Maximize Your Tax Deduction If You’re Itemizing for 2025

President Donald Trump's One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For...

The Independent UK

Hundreds of federal employees laid off by DOGE asked to return to work

They will return following what amounts to a seven-month paid vacation

International Business Times UK

Is a $1,702 Stimulus Payment Coming in 2025? What We Know About the Tariff Rebate Rumours

Rumours of 2025 stimulus cheques are making waves on social media, but no confirmation was provided by Congress or the Internal Revenue Service.

Kiplinger

Retirees Face a Growing Capital Gains Tax Trap: What's Next?

A changing housing market and unchanged IRS exclusion amounts can add up to a headache for many homeowners. Will Congress offer a fix?

The Conversation

Confronting residential schools denialism is an ethical and shared Canadian responsibility

In May 2021, when the Tk’emlúps te Secwépemc Nation announced preliminary results of their search for unmarked burials of children at the former Kamloops Indian Residential School (IRS), Canada was forced to reckon with a truth that Survivors had always carried: children were taken, and many never came home.

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